ECB holds rates at 1%, seen in wait-and-see mode
The European Central Bank kept interest rates on hold at a record low on Thursday as it waits to see the impact of efforts so far to revive the economy and credit flows.
ECB seen holding rates, in wait-and-see mode
The European Central Bank is expected to keep interest rates on hold at a record low on Thursday as it waits to see the impact of efforts so far to revive the economy and credit flows.
ECB drains record amount, Weber softens bank threats
The European Central Bank siphoned off a record amount of overnight cash from overstuffed money markets on Tuesday, although banks continued to soak up the money it is simultaneously shovelling in over the longer term.
ECB holds rates, to start buying bonds next week
The European Central Bank kept euro zone interest rates at 1.0 percent on Thursday, bolstering expectations they will stay there well into next year, and said it would start buying bonds next week.
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ECB's Hurley to step down on Sept 25
John Hurley, the governor of Ireland's central bank and a member of the European Central Bank's Governing Council, will retire from the positions on September 25, his spokesman said on Saturday.
Iran tensions add to global risk: ECB's Trichet
Tensions in Iran have added to risks facing the world economy and underline the need for strengthening the global financial system, European Central Bank President Jean-Claude Trichet said on Sunday.
ECB's Trichet says no room for more debt
There is no room for governments that have borrowed billions to fight the economic crisis to accumulate more debt, European Central Bank President Jean-Claude Trichet said on Sunday.
Britain gives way on EU financial plan
A deal reached by European Union leaders broke a deadlock on bank supervision reform on Friday, overcoming British reservations, but leaving much detail still be worked out in practice.
ECB sees further pain for financial sector
Lower interest rates might not help the euro zone economy despite the impact of further pain for the financial sector, European Central Bank Governing Council member Yves Mersch was quoted on Wednesday as saying.
ECB holds rates at 1 percent, to detail bond plan
The European Central Bank kept its interest rates on hold on Thursday, and markets are turning their attention to the details of its covered bond purchase plan and any clues on whether rates may yet be cut further.
EU to tighten financial supervision to fight crisis
The European Union proposed on Wednesday creating regulatory bodies to oversee financial supervision across national borders in a shake-up to protect investors and prevent another global credit crunch.
Central banks may need more power for financial stability
Central banks might need more power to oversee banks if they are to play a larger role in maintaining financial stability in the post-crisis world, a Bank for International Settlements report said on Sunday.
EU output contracts 2x projections
The European Central Bank (ECB) said Thursday the recession in the EU member states would be twice as bad as it projected.
ECB cuts main interest rate to 1% to boost economy
The European Central Bank (ECB) Thursday cut its main interest rate by 25 basis points to 1% and is likely to unveil more measures to boost the economy of the euro area.
ECB trims rates, edges into QE with bank bond buy
The European Central Bank said it will buy up bonds for the first time and trimmed its main interest rate to a record low on Thursday in a bid to stem the euro zone's economic decline and shore up shaky markets.
Euro Buoyed by ECB
The greenback was mixed on the Thursday session, initially sharply lower against the euro before recovering by afternoon trading.
ECB trims rates, edges to QE with bank bonds buy
The European Central Bank cut its main interest rate to a new record low on Thursday, and will buy up bonds for the first time in a bid to stem the euro zone's economic decline and shore up shaky markets.
ECB trims rates, unveils new steps to boost economy
The European Central Bank cut its main interest rate on Thursday and announced a three-pronged drive of unconventional steps to drive down borrowing costs and get the euro zone economy back on its feet.
ECB trims rates, to announce any alternative steps
The European Central Bank cut its main interest rate on Thursday to 1.0 percent, and financial markets are now focused on any alternative policy measures the ECB reveals to get the euro zone economy back on its feet.
Further ECB rate cut would be by 25 bps: Trichet
European Central Bank President Jean-Claude Trichet on Sunday signaled the bank's likely next move, saying it could cut its headline interest rate but only by an additional 25 basis points.
Trichet: Further ECB rate cut would be measured 25 bps
The European Central Bank can further reduce its headline interest rate, but any cut is likely to be a measured 25 basis point cut, the bank's President Jean-Claude Trichet was quoted as saying on Sunday.
Trichet says further ECB rate cut would be measured 25 bps
The European Central Bank can further reduce its headline interest rate, but any cut is likely to be a measured 25 basis point cut, the bank's President Jean-Claude Trichet was quoted as saying on Sunday.
Asia stocks push towards 6-month highs
Asian shares rose on Friday, with South Korean stocks hitting a 6-month high after the country averted recession in the first quarter, as a Wall Street rally boosted risk demand around the region and dented the yen.
ECB's Stark raps move to boost IMF drawing rights
European Central Bank Executive Board member Juergen Stark on Tuesday criticized the decision made at the G20 summit to boost the IMF's Special Drawing Rights as ill thought through and potentially inflationary.
IMF sees world economy shrinking up to 1 percent in 2009
The International Monetary Fund sees the world economy contracting by between 0.5 and 1 percent in 2009, Managing Director Dominique Strauss-Kahn said in an interview published on Wednesday.
ECB rate to hit new record low
The European Central Bank is expected to cut its main interest rate to a new record low of 1 percent on Thursday and step up efforts to boost the flow of funds from banks to euro-zone companies and households.
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